Our insurance business comprises Constantia Insurance Company Limited, Constantia Life Limited and Constantia Life & Health Assurance Company Limited (collectively referred to as Constantia).
It is the vehicle through which most of our investment capital will be created. Constantia offers a range of niche insurance and risk management solutions, covering areas such as medical malpractice cover, primary health insurance and medical gap cover products, funeral and life insurance, guarantee and indemnity solutions, medical evacuation insurance and niche motor and property lines. We own 100% of Constantia.
Constantia is an independent and decentralised company under the guidance of its own Board of directors and Chief Executive Officer. Constantia’s products are distributed through internal divisions to brokers or direct-to-market, or through independent Underwriting Management Agencies ("UMAs"). UMAs are generally incentivised on a cost-recovery basis (calculated as a percentage of premium) and through profit share arrangements (to ensure sufficient and sustainable underwriting quality). Constantia has become a modern day, dynamic and ambitious enterprise.
Constantia operates as insurer in both the long-term and short-term insurance industries in South Africa.
- Constantia Insurance Company Limited is an innovative short-term insurance company that writes commercial and personal lines insurance products through specialist underwriting managers operating in specific geographical or niche business areas.
- Constantia Life Limited focuses on the long-term assurance business, including assistance products.
- Constantia Life and Health Assurance Company Limited's long-term licence allows all life assurance and health products, excluding investments. The Company caters mainly for Group Scheme business with the portfolio managed by UMAs.
For more information, please visit: www.constantiagroup.co.za
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